PUBLISHER: Verified Market Research | PRODUCT CODE: 1739439
PUBLISHER: Verified Market Research | PRODUCT CODE: 1739439
Unsaturated polyester resins are in high demand due to their versatility and broad variety of uses. Their high mechanical qualities, chemical resistance, and ease of processing make them suitable for a variety of industries. Unsaturated polyester resins are utilized in laminates, roofing materials, and other components in the construction industry, helping to drive global infrastructure development. The market size surpass USD 10.61 Billion valued in 2024 to reach a valuation of around USD 17.83 Billion by 2032.
The automotive sector relies on these resins for body panels, fenders, and other components, which increases demand as the global automotive market grows. The burgeoning renewable energy sector, particularly wind energy, is increasingly using unsaturated polyester resins for wind turbine blades, which drives up demand for this material. The rising demand for cost-effective and efficient unsaturated polyester resins is enabling the market grow at a CAGR of 6.70% from 2026 to 2032.
Unsaturated Polyester Resins Market: Definition/ Overview
Unsaturated polyester resins (UPRs) are a form of synthetic resin distinguished by their unsaturation, allowing them to polymerize with a variety of monomers, most notably styrene. These resins are generated by the condensation reaction of dicarboxylic acids or anhydrides with diols. UPRs are known for their superior mechanical qualities, corrosion resistance, and thermal stability, making them ideal for a variety of applications. They are often employed in the production of fiberglass-reinforced composites, which are widely used in industries including automotive, marine, construction, and consumer goods.
Unsaturated polyester resins seem positive, thanks to advances in materials science and rising demand for lightweight, long-lasting products. Innovations in formulation techniques are resulting in improved features such as increased fire resistance and lower environmental footprint.
The desire for sustainability encourages the creation of bio-based unsaturated polyester resins generated from renewable resources. As businesses seek to implement greener materials and processes, the market for UPRs is likely to grow, particularly in high-performance applications and composite materials, in line with global trends toward sustainability and energy efficiency.
The construction industry's expansion will significantly drive the unsaturated polyester resins market. The building sector is a key user of these resins, particularly in reinforced plastics and composites, and the predicted 42% rise in global construction production to $15.5 trillion by 2030 represents a significant opportunity. With China, the United States, and India accounting for 57% of this growth, demand for unsaturated polyester resins is likely to expand, highlighting their vital position in a variety of construction applications.
The growing use of unsaturated polyester resins in the automotive industry is expected to boost the market significantly. Their lightweight design and corrosion resistance make them excellent for increasing fuel efficiency and reducing overall vehicle weight. With global vehicle production expected to exceed 80.1 million units by 2022, there is a significant demand for automotive materials such as unsaturated polyester resins. This rising demand is primarily driven by the automotive industry's emphasis on enhancing performance and sustainability, with unsaturated polyester resins emerging as a vital material for a variety of components.
Environmental concerns will have an impact on the growth of the unsaturated polyester resin market. As people become more aware of the environmental impact of synthetic materials, producers are looking for more ecologically friendly alternatives. As laws tighten on the use of volatile organic compounds (VOCs) and other dangerous pollutants, the demand for bio-based unsaturated polyester resins derived from renewable resources is expected to increase. This shift toward greener solutions has the potential to reshape market dynamics by promoting innovation and development in sustainable resin formulations that meet regulatory standards as well as customer preferences for eco-friendly products.
Regulatory restrictions will have an impact on the growth of the unsaturated polyester resins market. Stricter controls on volatile organic compounds (VOCs) and other harmful emissions are forcing manufacturers to reformulate their products to meet environmental standards. This necessitates investment in research and development for safer, low-emission alternatives, such as bio-based unsaturated polyester resins. While these regulations may present initial challenges, they also provide opportunities for innovation and may lead to a shift in market demand toward more sustainable resin options.
Orthophthalic resins continue to dominate the unsaturated polyester resins market. Increased construction activity will propel the orthophthalic resins section of the unsaturated polyester resins market. Orthophthalic resins are appreciated in construction due to their high mechanical qualities, chemical resistance, and durability, making them suitable for applications such as fiberglass-reinforced composites in building materials and infrastructure. As the construction industry grows, particularly with the projected increase in global output, demand for high-performance materials such as orthophthalic resins is likely to climb, reinforcing their role in improving the strength and longevity of building projects.
The chemical resistance and ease of processing of orthophthalic resins will increase demand in the unsaturated polyester resins industry. These qualities make orthophthalic resins ideal for a wide range of applications, including the automotive, maritime, and construction industries, where harsh chemicals and environmental conditions are prevalent. Their advantageous processing properties enable efficient manufacturing and application, which appeals to both producers and end users. As businesses seek dependable and long-lasting materials, the benefits of orthophthalic resins will contribute to their growing market share.
The building and construction sector experiencing rapid growth in the unsaturated polyester resins market. The growth of infrastructure projects will boost the building and construction segment of the unsaturated polyester resin market. As governments and the private sector invest extensively in infrastructure development, there is a growing demand for materials that are robust, lightweight, and corrosion-resistant. Owing to their superior mechanical qualities and adaptability, unsaturated polyester resins are suited for applications such as concrete reinforcement, water treatment facilities, and other structural components. This spike in infrastructure efforts will increase the use of unsaturated polyester resins, establishing them as vital components in modern construction methods.
Laminates and roofing materials will dominate the building and construction section of the unsaturated polyester resins market. Unsaturated polyester resins are perfect for manufacturing high-performance laminates and roofing materials due to their outstanding durability, weather resistance, and lightweight qualities. As the construction industry prioritizes energy efficiency and lifespan in building materials, demand for these applications will increase, reinforcing the importance of unsaturated polyester resins in the development of modern construction solutions.
Asia-Pacific is emerging as the dominant region in the unsaturated polyester resins market. Rapid industrialization will have a substantial impact on the Asia-Pacific unsaturated polyester resins market. Strong economic growth and infrastructure development are driving this demand, as indicated by the Asian Development Bank's predictions of 4.8% growth in developing Asian economies in 2023 and 4.9% in 2024, particularly in East and South Asia. This expansion stimulates increasing construction and manufacturing activities, which are important users of unsaturated polyester resins. For instance, India's manufacturing industry is expected to exceed USD 1 Trillion by 2025, while China's industrial production rose 4.4% year on year in 2022.
Asia Pacific's vast population will considerably influence the unsaturated polyester resins market. This growing demographic creates a larger market base for various items that use these resins, as seen by the United Nations' forecast that Asia's population would rise from 4.7 billion in 2022 to 5.3 billion by 2055. Countries such as India and China, which have populations of 1.39 billion and 1.41 billion, respectively, are major contributors to this need. This large population increases the demand for consumer items, autos, and houses, all of which contain unsaturated polyester resins.
The Middle East and Africa region is experiencing the fastest growth in the unsaturated polyester resins market. Infrastructure projects will greatly boost the unsaturated polyester resins market in the Middle East and Africa region. The significant increase in infrastructure development, with the total value of planned and ongoing projects in the MENA area reaching USD 3.7 Trillion by 2022, demonstrates this demand. Major investments, such as Saudi Arabia's Vision 2030 project, which aims to build more than USD 1 Trillion in infrastructure by 2030, and Africa's estimated need for USD 100 Billion in infrastructure financing through 2025, underscore the importance of sophisticated construction materials. Ambitious projects, such as Egypt's plans for 20 new cities and Dubai's 20% increase in construction permits, highlight the growing demand for materials containing unsaturated polyester resins, which are essential for producing durable, lightweight, and corrosion-resistant construction components.
The Middle East and Africa region's unsaturated polyester resins (UPR) market will be driven by favorable government policies. Initiatives such as Saudi Arabia's Vision 2030 seek to diversify the economy and improve infrastructure, resulting in an 8.8% growth in the construction sector's GDP in 2022, which will raise demand for UPR in construction. Similarly, the UAE's focus on sustainable development has resulted in a 3.4% increase in manufacturing, which includes resin production. In Africa, favorable policies in nations such as Egypt and South Africa are encouraging industrialization, with the African Development Bank estimating infrastructure investments of USD 108 Billion per year by 2025. This favorable policy environment presents enormous prospects for UPR applications in the construction and transportation industries.
The unsaturated polyester resins market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.
The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the unsaturated polyester resins market include: